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The New Iraqi Dinar
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[QUOTE]Originally posted by JBCak47: [QB] How about the IRAQI dinar? Right now it is equivilant to about .0012 since $1200 gets you a MILLION Dinar's. Before the second war, the old dinar was at .33 to the american dollar. Before the FIRST war it was 3 dinars to every dollar, so as the IRAQI dinar was worth more then the American dollar. Now a dollar buys you like 800 dinars. When QBID hits, or cmkx, or usci, I plan on buying at least a Million dinars. If it goes to a penny its worth: .01= $10,000 .025 = $25,000 .1 = $100,000 $1 = $1,000,000 What do you think? I mean we did invade them, capture their dictator and install a new government with NEW money. What will happen to the dinar when the Iraqi oil wells and reserves are tapped to 10% potential? 40% potential? 80% potential? You can go lower in the amount of Dinars you can buy , however, amounts over 100,000 are normally given in 25,000 dinar notes. You can buy as low as 1000 dinars, HOWEVER to buy a MILLION dinars in 1000 notes, would cost you about 1700. So maybe 1/2in 1000 notes, 1/4 in 5000 notes and the rest in 25,000 notes. I am going to try and save up here and there but hopefully cmkx hits soon, or even QBID (which has been sooooo good to me). Even if it only went to a dime (the dinar that is) a million equalls 100,000 in currency... and come on... how sexy is having one million Iraqi Dinars in your portfolio or closet?!?!?hehehe... -John p.s. I cut and pasted my reply from the old thread but this posting gives you a nice start off to investigate... Currently the price for 1 million dinars is between 1200-1400 depending upon which website/securities firm you go to. I doubt we'll get the cheaper $700 for a million since where on earth do we go to get the dinars?!? The Iraqi Bank of New York?!?!? lol, so we are stuck paying the middle men. However I am looking for less expensive places to buy the dinar but the lower priced ones seem a tad shady, so I don't know,lol... Now here is the real kicker... If Iran is ever invaded, for whatever reason, their dollar/dinar will be nixed for a newer one. We can make a fortune just by waging war. Now imagine if we gave our troops a flat cut of the dinars, then tell them they can hold the dinars for two years, in which time the government would HAVE to keep them in circulation, under US orders. The dinar rises against OUR dollar, our troops then are allowed to unload their dinars at the market levels, allowing them to cash in. So for instance, we give each solider 3 million dinars, once the area is stablizied the value will rise. In theory we could reward even greater our troops who fight, giving them a huge financial obligation to make things work where they are fighting. I know it sounds sick, but seriously, If somebody said, hey you have to fight, but here are your three million dinars, if we can get this country back upto speed in a year and a half, and the value of the dinar is at a dime, you get three hundred thousand dollars in currency that you can trade back into dollars. Now if we do this in Syria, Iran, North Korea.... perhaps people will be more willing to 'kick ass' if they had a clear finicial 'reward' in sight. -john [/QB][/QUOTE]
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